Form 4: Associated Banc-Corp Director Rodney Jones-Tyson Receives Initial Equity Grant

Rodney Jones-Tyson, a director of Associated Banc-Corp, received an initial equity grant of 3,955 shares of common stock on April 30, 2024, as part of his compensation.

Summary

• Rodney Jones-Tyson, a director of Associated Banc-Corp, filed a Form 4 on May 2, 2024, reporting a transaction.
• On April 30, 2024, Jones-Tyson acquired 3,955 shares of Associated Banc-Corp common stock at a price of $21.07 per share.
• This acquisition represents an initial equity grant to Jones-Tyson as a new director.
• The restricted stock units will fully vest on February 1, 2025, and are payable solely in shares of common stock.
• Jones-Tyson has granted power of attorney to Randall J. Erickson, Lynn M. Floeter, Marie A. Radtke, David Falk, and Sue Hannert to execute Forms 3, 4, 5, and 144 on his behalf.

Sentiment

Score: 7

Explanation: The document reflects a standard corporate action (equity grant to a director), which is generally viewed neutrally to positively as it aligns interests. There are no indications of negative sentiment.

Positives

• The equity grant aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance.

Industry Context

Equity grants to directors are a common practice in the banking industry to incentivize and align their interests with the company's long-term success. This grant is typical for new directors joining a board.

Comparison to Industry Standards

• Equity grants for directors vary widely based on company size, performance, and industry standards.
• Comparing this grant to similar banks like Fifth Third Bancorp or KeyCorp would require analyzing their director compensation packages.
• Generally, director compensation includes a mix of cash retainers and equity, with the equity component often tied to performance metrics.

Stakeholder Impact

• The equity grant aligns the director's interests with those of the shareholders, potentially leading to better decision-making.
• The grant has a minimal impact on employees, customers, suppliers, and creditors.

Key Dates